Judgment under Uncertainty: Heuristics and Biases

Суждение в условиях неопределённости: эвристики и предвзятости
Daniel Kahneman, Amos Tversky
1974-09-27

anchoring and adjustmentavailability heuristicheuristics and biasesjudgment under uncertaintyrepresentativeness heuristic
This article described three heuristics that are employed in making judgments under uncertainty: (i) representativeness, which is usually employed when people are asked to judge the probability that an object or event A belongs to class or process B; (ii) availability of instances or scenarios, which is often employed when people are asked to assess the frequency of a class or the plausibility of a particular development; and (iii) adjustment from an anchor, which is usually employed in numerical prediction when a relevant value is available. These heuristics are highly economical and usually effective, but they lead to systematic and predictable errors. A better understanding of these heuristics and of the biases to which they lead could improve judgments and decisions in situations of uncertainty.
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Anchoring-and-adjustment heuristic is used in numerical prediction when a relevant value (anchor) is available.
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Availability heuristic is used to assess frequency of a class or plausibility of a particular development based on recalled instances or scenarios.
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People use three primary heuristics under uncertainty: representativeness, availability, and anchoring-and-adjustment.
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Representativeness heuristic is used to judge probability that an object or event A belongs to class or process B.
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These heuristics are economical and often effective but systematically produce predictable errors and biases.
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Understanding these heuristics and their biases can improve judgments and decisions in uncertain situations.

Human judgment and decision-making under uncertainty

Use and effects of three heuristics (representativeness, availability, anchoring-and-adjustment) on probability/frequency estimates and numerical predictions, including the systematic biases/errors they produce

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1974-09-27
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Daniel Kahneman
Amos Tversky
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